Lars Björk, Chief Executive Officer of Qlik, stated, This was another
great quarter for Qlik. On a constant currency basis, we achieved
accelerating license and total revenue growth, driven by increased
momentum around Qlik Sense and ongoing healthy demand for QlikView. Our
platform strategy is expanding the dialogue with customers and
prospects, as they can now leverage best-in-class visualization,
governance, security and collaboration, all from one vendor.

Financial Highlights for the Second Quarter Ended June 30, 2015

Total revenue for the second quarter of 2015 was $145.8 million, an
increase of 11% from $131.6 million for the second quarter of 2014. On
a constant currency basis, total revenue increased 26% compared to the
second quarter of 2014. License revenue for the second quarter of 2015
was $76.3 million, an increase of 14% from $66.9 million for the
second quarter of 2014. On a constant currency basis, license revenue
increased 29% compared to the second quarter of 2014.

GAAP loss from operations for the second quarter of 2015 was ($9.9)
million, compared to a GAAP loss from operations of ($7.0) million for
the second quarter of 2014. Non-GAAP income from operations was $2.0
million for the second quarter of 2015, compared to non-GAAP income
from operations of $2.6 million for the second quarter of 2014.

GAAP net loss was ($13.0) million for the second quarter of 2015, or
($0.14) per diluted common share, compared to a GAAP net loss of
($10.2) million, or ($0.11) per diluted common share, for the second
quarter of 2014. Non-GAAP net loss was ($0.8) million for the second
quarter of 2015, or ($0.01) per diluted common share, compared to
non-GAAP net income of $1.8 million, or $0.02 per diluted common
share, for the second quarter of 2014. GAAP and non-GAAP net loss for
the second quarter of 2015 include a $3.2 million foreign exchange
loss compared to a $51,000 foreign exchange loss in the second quarter
of 2014.

Cash and cash equivalents as of June 30, 2015 were $306.4 million
compared to $244.0 million at December 31, 2014. Net cash provided by
operating activities was $49.6 million for the six months ended June
30, 2015, compared to $23.5 million for the six months ended June 30,
2014.

Operating Highlights

For the second quarter of 2015, on a constant currency basis, total
revenue in the Americas increased 20% over the prior year period,
total revenue from Europe increased 28% over the prior year period,
and total revenue from Rest of World increased 34% over the prior year
period.

Completed 129 deals with license and first year maintenance over
$100,000 in the second quarter of 2015, including 35 deals over
$250,000 and seven deals over $1 million, compared to 109 deals over
$100,000, including 25 deals over $250,000 and three deals over $1
million in the prior year period.

Generated 59% of license and first year maintenance billings from
existing customers in the second quarter of 2015, compared to 65% in
the prior year period.

Generated 56% of license and first year maintenance billings from our
indirect partner channel and 44% from our direct channel in the second
quarter of 2015, compared to 52% from our indirect partner channel and
48% from our direct channel in the prior year period.